Karelian Diamond Resources plc’s significant shareholder David John Naylor has reduced his stake in the company. In February, Mr Naylor held 10,509,468 ordinary shares of €0.00025 each, equivalent to 8.17% of Karelian’s then issued ordinary shares and voting rights. Following a sale of shares today, he has an interest of 7,656,757 ordinary shares, equivalent to […]
Tag: County Tyrone
Karelian discovers ‘promising’ target at Cappagh
Karelian Diamond Resources plc has identified a “significant” and “promising” new copper target on the site of the historic Cappagh copper mine in County Tyrone, Northern Ireland. DATA The company has completed initial desktop studies and reconnaissance work since receiving the six-year licence KDR4 in May from the Department for the Economy. Managing director Maureen […]
Galantas to add potential 20,000 oz gold from lower levels at Cavanacaw
Galantas Gold Corp plans to extract a potential 20,000 ounces gold a year from the dilation zones at the lower levels of Cavanacaw mine in Omagh, Northern Ireland. MINERAL RESOURCE ESTIMATE The Canadian company, which said it still lacked qualified underground miners, has also completed its first drill hole from underground on a third vein […]
Galantas agrees Omagh gold blasting with PSNI
Galantas Gold Corporation announced its operating subsidiary had reached a formal agreement regarding blasting with the Police Service of Northern Ireland (PSNI) at its Omagh gold mine. The Canadian gold miner, which has a 100% interest in Omagh gold mine, said: “The agreement provides the potential for a materially improved economic arrangement for an expansion […]
Galantas extra shift to see 43% rise in production
Galantas Gold Corporation said it had increased gold concentrate processing after adding an extra work shift at its Cavanacaw Gold Mine in Omagh, County Tyrone. The Canadian company began three-shift processing on 26 October 2020 with the additional shift resulting in a rise in milling from 84 hours to 120 hours per week. Galantas added […]